Show FIST fiRST PAYMENT MARE MADE ON ElM CUAN COWAN HOLDING ULIM IN IM COlUMBUS EX A payment of or was made mado to John Jolla F. F Cowan b by lr tho the syndicate th that t has an option opton on his bin hlf holdings In tho the Columbus Extension Mining company This Tills Is the thc first of several se payments that are to bo be made lade on 01 the Cowan holdings to together ether with wih an option on what wh Is hi reported to he be hea ben a n block blok of or stock tock comprising shares share hatt Thc rime price prie called for fo in the tho option option op op- op- op tion Ion Is said 81 1 to bo be lo 30 cents a share the which has haq hn the option opton la is II headed h by A. A O. O Jacobson who will wi In Inthe time the future have hwe charge of all al mining opera operations op op- op era t Ions on I i The Time interest Cowan has taken In Bannack Baunack huh Ban nack and several ral 11 properties In British h Columbia California Nevada and Montana Moo Mon Ion Ion- alma tana tana I Is requiring nil all 31 his attention and andwan all was wan not nol In iii a position to give Columbus Extension much tune time such as B it needed during the development period He says aya nl he did not relinquish his holdings In the tile Alta AHa property properly because of lack Jck k of or faith In the ultimate favorable fn outcome as 38 he believes cs that the property rop has haM considerable consid erable merit merit Ore Oro development has hns recently been madel n mm 1 this property properly In thu tho Flagstaff fissure It 1 Is 15 a product which carries some nome copper and ind silver siver values alucs and Is li quite c thick at the tho O point o where It was first e encountered nt eI l It was s uncovered e v e Jn iii I Ithe the drift e abo the tho tunnel level and appears ap tip- tp- tp pears to be le near to or on the outer portion por por- tion of the contact The Time Is so extensive that the tho management feels certain that good results wilt will wi be bo obtained with wih H it I small smal additional amount of ot development work Manager cr Jacob Jacobson on said ye yesterday that It IL was as his Intention to continue this thin de development de- de e- e by ly e extending the tho drift In ore With lh power drills dris to rush rUh this drift he ime feels feell confident that he will wi have something something some some- fome- fome thing substantial In the he way of oC ore de development do- do d.- d. to report almost nn any da day |